The NZDUSD pair continued its positive trading yesterday to approach from our first target at 0.7145, where it hovers now near the EMA50 waiting for getting enough positive momentum to push the price to breach the mentioned level then confirming the rally towards the extended target that reach to 0.7340.
In general, we keep preferring the bullish trend on the intraday and short term basis if the price settled above 0.7005 level, where breaking this level represents negative factor that will push the price to begin a bearish correctional wave on the short term basis.
Expected trading range for today is between 0.7005 support and 0.7250
Expected trend for today: Bullish
Origin: Economies
